Opera Ltd (OPRA) received a Buy rating and a $14.50 price target from B.Riley FBR analyst Lee Krowl today. The company’s shares closed last Monday at $9.91.
Krowl observed:
“Opera Ltd. (OPRA) reports 2Q results on Thursday (8/22), BMO. For 2Q, we are modeling revenue/AEBITDA of $55.6M/$3.8M (we are consensus) and expect the company to report revenue ahead of our estimates, while we have less visibility into AEBITDA. The company continues to make inroads in key emerging markets, driving revenue through improving monetization of its growing mobile browser and app user base. However, it is also investing heavily in growth; therefore, the timing of investments may impact AEBITDA flow-through. For 3Q, we are modeling revenue/AEBITDA of $60.8M/$10.3M and expect the company to guide in line with our estimates and, because of this, would anticipate FY19 revenue guidance to be increased by the magnitude of the revenue upside in 2Q. Our $14.50 PT is based on 15.5x 2021E EV/AEBITDA, in line with scaled, consumer-facing Internet comps; we maintain Buy.”
According to TipRanks.com, Krowl is a 5-star analyst with an average return of 37.3% and a 55.0% success rate. Krowl covers the Technology sector, focusing on stocks such as Digital Turbine Inc, Limelight Networks, and Rubicon Project.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Opera Ltd with a $14.50 average price target.
See today’s analyst top recommended stocks >>
Opera Ltd’s market cap is currently $1.09B and has a P/E ratio of 30.77. The company has a Price to Book ratio of 1.41.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Opera Ltd. engages in the provision of web browsers through its subsidiaries. Its products include Opera browser for Windows, iOS, and Linux computers; as well as the mobile apps Opera for Android, Opera Mini, Opera Touch, and Opera News. The company was founded in 1995 and is headquartered in Oslo, Norway.